According to data from the China Banking Regulatory Commission, commercial banks are struggling with mounting bad loans, which reached an 11-year high in the second quarter. This is one factor why many micro, small and medium sized enterprises are struggling to get credit.
That’s where China Lending Corporation steps in. It’s a Nasdaq listed company, not a bank, that provides capital to small businesses.
To discuss more about why SME’s are currently underserved by commercial banks in China, CCTV America’s Michelle Makori interviewed the company’s Chief Financial Officer, Stephen Chan.